Asia Pacific Lithium Ion Battery Recycling Market Growth, Size, Trends, Revenue and Future Outlook

Asia Pacific Lithium Ion Battery Recycling Market Size– By Component, By Chemistry, By Recycling Process- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Asia Pacific Lithium Ion Battery Recycling Market Size– By Component, By Chemistry, By Recycling Process- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Jan 2024 Report ID: POAE2410 Pages: 1 - 155 Formats*:     
Category : Power & Energy
Asia-Pacific Lithium Ion Battery Recycling Market Introduction and Overview 

According to SPER Market Research, the Asia-Pacific Lithium Ion Battery Recycling Market is estimated to reach USD 11.39 billion by 2033 with CAGR of 22.59%.  

The report includes an in-depth analysis of the Asia-Pacific Lithium Ion Battery Recycling Market, including market size and trends, product mix, applications, and supplier analysis. Recent years have seen an enormous surge in the popularity of lithium-ion battery technology, especially in the automotive (EV) and renewable energy sectors. The sharp decline in costs and favourable chemistry propelled the demand for technology. A lithium battery can be recycled after three to four years of use, at which point its users can purchase a new one. The need has grown since lithium-ion battery technology is most appropriate for the production of electric vehicles. Due to the increase of used Li-ion batteries, the market for battery recycling is expected to see development in the near future.

  • May 2020: Neometals Ltd. and the Indian power trading company Manikaran Power Limited (MPL) partnered to conduct an AACE Class 3 Feasibility Study, which was jointly financed and aimed to assess an Indian lithium refinery. Following the findings of the study, Neometals intends to invest in a 50:50 joint venture with MPL to develop the lithium refinery. This will facilitate the company's entry into the Indian market.
  • March 2021: Envirostream Australia Pty Ltd obtained consent from the city council in to develop a larger recycling plant for used or garbage batteries in Melbourne, Victoria. This is their second location. This will assist the company in achieving its objective of recycling batteries throughout Australia and preventing them from ending up in landfills.
Asia-Pacific Lithium Ion Battery Recycling Market
Market Opportunities and Challenges
Consumer electronics requirements and desires have been growing at an exponential rate. Consumer electronics frequently use lithium-ion batteries. One of the most widely used varieties of rechargeable batteries for portable devices, they have low self-discharge rates, high open circuit voltage, and appropriate energy-to-weight ratios. The need for lithium ion batteries is rising as a result of technological advancements that have reduced the size and weight of electronic devices. With a better power density, quicker charging times, and longer battery life in a lighter size, lithium ion batteries are the way to go. The international community has decided that fast and large reductions in greenhouse gas emissions are necessary to slow down climate change and move toward a fossil fuel-free economy.

Li-ion batteries still have a lot of drawbacks despite their technological promise, especially in terms of safety. High voltages can damage Li-ion batteries and cause them to overheat. This may occasionally result in thermal runaway and combustion. These batteries need safety features to regulate internal pressure and voltage, which in certain situations can lead to weight gain and decreased performance. Li-ion batteries can age as well, which means that after a few years, they often lose their capacity and malfunction. Their cost is another barrier to their broad adoption, being around 40% more than that of Ni-Cd. If lithium-ion batteries are mistreated, overcharged, improperly packaged, or handled improperly, they can be quite harmful. Due to its extreme reactivity and flammability, lithium can have harmful impact.

Asia-Pacific Lithium Ion Battery Recycling Market


Market Competitive Landscape
The battery recycling industry in Asia Pacific is extremely fragmented, with a large number of regional and local firms offering a wide range of options for businesses looking to enter the market. The market for battery recycling is growing as a result of the requirements that policymakers have imposed on the efficient use and disposal of spent battery components. Some of major players are Glencore, Retriev Technologies, Contemporary Amperex Technology Co. Ltd., Ganfeng Lithium Co. Ltd., Attero, Tata Chemicals Ltd., Batrec Industrie, Neometals Ltd., Envirostream Australia Pty Ltd. and various others. 
Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2033
 Base year considered 2022
 Forecast period 2023-2033
 Segments coveredBy Component , By Chemistry, By Recycling Process
 Regions covered
China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific (APAC)

 Companies CoveredGlencore, Retriev Technologies, Contemporary Amperex Technology Co. Ltd., Ganfeng Lithium Co. Ltd., Attero, Tata Chemicals Ltd., Batrec Industrie, Neometals Ltd., Envirostream Australia Pty Ltd. and various others.
COVID-19 Impact on Asia-Pacific Lithium Ion Battery Recycling Market
Because nearly every nation chose to shut down all production facilities save those that produced necessities, COVID-19 had a significant effect on the lithium-ion battery recycling sector. Following the pandemic, the growing electrification of the automotive industry in all areas and nations is credited with driving the expansion of the lithium-ion battery recycling business. Despite significant challenges faced by the car industry during the pandemic, sales of electric vehicles increased in the aftermath of the event. The expansion of this industry is also being driven by an increase in customer demand for battery-operated products throughout time. Manufacturers are taking calculated risks to recover from COVID-19.

Key Target Audience:
  • Battery Manufacturers.
  • Recycling Companies
  • Government Agencies and Regulators
  • Environmental Organizations
  • Electric Vehicle (EV) Manufacturers
  • Research and Development (R&D) Institutions
  • Supply Chain and Logistics Companies
  • Consumers and General Public
  • Investors and Financial Institutions
Our in-depth analysis of the Asia-Pacific Lithium Ion Battery Recycling Market includes the following segments:
By Component:
  • Active Material
  • Non-Active Material
  • By Chemistry:
  • Lithium Cobalt Oxide
  • Lithium-Iron Phosphate
  • Lithium-Manganese Oxide
  • Lithium-Nickel Cobalt Aluminium Oxide
  • Lithium-Nickel Manganese Cobalt
  • Lithium-Titanate Oxide
  • By Recycling Process:
  • Hydrometallurgical Process
  • Physical/ Mechanical Process
  • Pyro metallurgy Process
  •  Key Topics Covered in the Report:
    • Asia-Pacific Lithium Ion Battery Recycling Market Size (FY’2023-FY’2033)
    • Overview of Asia-Pacific Lithium Ion Battery Recycling Market 
    • Segmentation of Asia-Pacific Lithium Ion Battery Recycling Market By Component (Active Material, Non-Active Material)
    • Segmentation of Asia-Pacific Lithium Ion Battery Recycling Market By Chemistry (Lithium-Nickel Manganese Cobalt , Lithium Cobalt Oxide , Lithium-Manganese Oxide, Lithium-Iron Phosphate, Lithium-Nickel Cobalt Aluminium Oxide, Lithium-Titanate Oxide
    • Segmentation of Asia-Pacific Lithium Ion Battery Recycling Market By Recycling Process (Hydrometallurgical Process, Pyro metallurgy Process, Physical/ Mechanical Process)
    • Statistical Snap of Asia-Pacific Lithium Ion Battery Recycling Market 
    • Expansion Analysis of Asia-Pacific Lithium Ion Battery Recycling Market 
    • Problems and Obstacles in Asia-Pacific Lithium Ion Battery Recycling Market 
    • Competitive Landscape in the Asia-Pacific Lithium Ion Battery Recycling Market 
    • Impact of COVID-19 and Demonetization on Asia-Pacific Lithium Ion Battery Recycling Market 
    • Details on Current Investment in Asia-Pacific Lithium Ion Battery Recycling Market 
    • Competitive Analysis of Asia-Pacific Lithium Ion Battery Recycling Market 
    • Prominent Players in the Asia-Pacific Lithium Ion Battery Recycling Market 
    • SWOT Analysis of Asia-Pacific Lithium Ion Battery Recycling Market 
    1. Introduction
    1.1. Scope of the report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts of the Asia-Pacific Lithium ion battery Recycling Market 

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1.  Asia-Pacific Lithium ion battery Recycling Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia-Pacific Lithium ion battery Recycling Market 

    7.   Asia-Pacific Lithium ion battery Recycling  Market, By Component, (USD Million)
    7.1. Asia-Pacific Lithium ion battery Recycling  Market Value Share and Forecast, By Component, 2023-2033
    7.2. Active Material
    7.3. Non-Active Material

    8. Asia-Pacific Lithium ion battery Recycling Market, By Chemistry, (USD Million)
    8.1.   Asia-Pacific Lithium ion battery Recycling  Market Value Share and Forecast, By Chemistry, 2023-2033
    8.2. Lithium Cobalt Oxide 
    8.3. Lithium-Iron Phosphate 
    8.4. Lithium-Manganese Oxide 
    8.5. Lithium-Nickel Cobalt Aluminium Oxide 
    8.6. Lithium-Nickel Manganese Cobalt 
    8.7. Lithium-Titanate Oxide 

    9. Asia-Pacific Lithium ion battery Recycling  Market, By Recycling Process (USD Million)
    9.1.   Asia-Pacific Lithium ion battery Recycling Market Value Share and Forecast, By Recycling Process, 2023-2033
    9.2. Hydrometallurgical Process
    9.3. Physical/ Mechanical Process
    9.4. Pyro metallurgy Process

    10.   Asia-Pacific Lithium ion battery Recycling  Market  Forecast, 2019-2033 (USD Million)
    10.1.   Asia-Pacific Lithium ion battery Recycling Market Size and Market Share

    11.   Asia-Pacific Lithium ion battery Recycling Market, By Component, 2019-2033 (USD Million)
    11.1.  Asia-Pacific Lithium ion battery Recycling Market Size and Market Share By Component (2019-2026)
    11.2.  Asia-Pacific Lithium ion battery Recycling Market Size and Market Share By Component (2027-2033)

    12.   Asia-Pacific Lithium ion battery Recycling Market, By Chemistry, 2019-2033 (USD Million)
    12.1.   Asia-Pacific Lithium ion battery Recycling Market Size and Market Share By Chemistry  (2019-2026)
    12.2.   Asia-Pacific Lithium ion battery Recycling Market Size and Market Share By Chemistry (2027-2033)

    13. Asia-Pacific Lithium ion battery Recycling Market, By Recycling Process, 2019-2033 (USD Million)
    13.1.   Asia-Pacific Lithium ion battery Recycling Market Size and Market Share By Recycling Process (2019-2026)
    13.2.   Asia-Pacific Lithium ion battery Recycling Market Size and Market Share By Recycling Process  (2027-2033)

    14.   Asia-Pacific Lithium ion battery Recycling  Market, By Region, 2019-2033 (USD Million)
    14.1.   Asia-Pacific Lithium ion battery Recycling Market Size and Market Share By Region (2019-2026)
    14.2.   Asia-Pacific Lithium ion battery Recycling Market Size and Market Share By Region (2027-2033) 
    14.2.1. Australia
    14.2.2. China
    14.2.3. India
    14.2.4. Indonesia
    14.2.5. Japan
    14.2.6. Malaysia
    14.2.7. Philippines
    14.2.8. Singapore
    14.2.9. South Korea
    14.2.10. Thailand
    14.2.11. Rest of Asia-Pacific (APAC)

    15. Company Profile
    15.1.  Attero
    15.1.1. Company details
    15.1.2. Financial outlook
    15.1.3. Product summary 
    15.1.4. Recent developments
    15.2. Batrec Industrie
    15.2.1. Company details
    15.2.2. Financial outlook
    15.2.3. Product summary 
    15.2.4. Recent developments
    15.3. Contemporary Amperex Technology Co.
    15.3.1. Company details
    15.3.2. Financial outlook
    15.3.3. Product summary 
    15.3.4. Recent developments
    15.4. Envirostream Australia Pty Ltd.
    15.4.1. Company details
    15.4.2. Financial outlook
    15.4.3. Product summary 
    15.4.4. Recent developments
    15.5. Ganfeng Lithium Co. Ltd.
    15.5.1. Company details
    15.5.2. Financial outlook
    15.5.3. Product summary 
    15.5.4. Recent developments
    15.6. Glencore
    15.6.1. Company details
    15.6.2. Financial outlook
    15.6.3. Product summary 
    15.6.4. Recent developments
    15.7. Neometals Ltd.
    15.7.1. Company details
    15.7.2. Financial outlook
    15.7.3. Product summary 
    15.7.4. Recent developments
    15.8. Retriev Technologies
    15.8.1. Company details
    15.8.2. Financial outlook
    15.8.3. Product summary 
    15.8.4. Recent developments
    15.20 Others

    16 List of Abbreviations

    17 Reference Links

    18 Conclusion

    19 Research Scope

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Li-ion batteries still have a lot of drawbacks despite their technological promise, especially in terms of safety. High voltages can damage Li-ion batteries and cause them to overheat.
    Asia-Pacific Lithium Ion Battery Recycling Market is projected to reach USD 11.39 billion by 2033, growing at a CAGR of 22.59% during the forecast period.
    Asia-Pacific Lithium Ion Battery Recycling Market size from 2022. The Market is expected to reach USD 11.39 billion by 2033, at a CAGR of 22.59% during the forecast period.
    Asia-Pacific Lithium Ion Battery Recycling Market CAGR of 22.59% during the forecast period.
    Asia-Pacific Lithium Ion Battery Recycling Market size is 11.39 billion from 2023 to 2033.
    Asia-Pacific Lithium Ion Battery Recycling Market Segment is covered By Component , By Chemistry, By Recycling Process.
    The Asia-Pacific is anticipated to have the highest market share in the Asia-Pacific Lithium Ion Battery Recycling Market.
    "The key players in the market include Companies Covered Glencore, Retriev Technologies, Contemporary Amperex Technology Co. Ltd., Ganfeng Lithium Co. Ltd., Attero, Tata Chemicals Ltd., Batrec Industrie, Neometals Ltd., Envirostream Australia Pty Ltd. and various others.."
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